- EQ partners with Encompass to provide greater capabilities for robotic automation and data analysis, and expanded API integrations
- Partnership will enhance EQ’s holistic, end-to-end KYC customer offering and increase time and cost efficiencies
EQ (Equiniti), an international technology-led services and payments specialist, is delighted to announce that it has partnered with Encompass to further bolster its KYC proposition.
EQ will work with Encompass to automate and use artificial intelligence to analyse data that helps build a dynamic picture of a company or individual in just minutes, enhancing EQ’s technological capabilities alongside their fully managed service.
EQ provides a highly personalised, end-to-end service for customers’ KYC challenges, from customer onboarding and complex due diligence investigations through to large scale remediation projects. The addition of greater automation and data analysis further streamlines the KYC process for EQ’s customers, saving them time and money.
The partnership will also future proof EQ’s access to third party data sources through universal connectivity and allow for consistent compliance across jurisdictions.
Together, EQ and Encompass solve many of the critical challenges of KYC corporate onboarding, combining automated data and document discovery, workflow, and client outreach. Combined with EQ’s leading managed KYC service, this proposition revolutionises very complex, costly processes.
Chris Adams, Head of Product at EQ Digital commented: “We are delighted to announce this partnership with Encompass, who have proven success in delivering greater automation and access to data to their partners within the KYC sector."
“We consider ourselves experts in handling KYC cases that can’t be automated, in cases of complex ownership structures and screening hits for example. This partnership will help us in our wider market offering in delivering a truly comprehensive, efficient KYC product for our customers.”
Nick Ford, VP, Distribution and Alliances at Encompass, commented: “At Encompass, we have developed strong partnerships with a number of industry-leading providers, and we are delighted to now count EQ as a valued partner.”
For more information:
Tel: +44(0)20 7353 4200
Notes to Editor:
About EQ (Equiniti):
EQ provides accessible digital services for regulated markets. It specialises in equity and investment products, pensions, payments and regtech.
EQ is working to become a business with a stronger purpose. A business whose success is based on a broader range of measures, a real sense of ambition and more than just generating profit. Its aim is to care for every customer and to make its services accessible for everyone, delivered with less of an impact on the environment.
It is the UK’s leading provider of share registration, employee share plans, and associated investor services, and also has market leading positions in pension administration and software, and employee benefit schemes.
It provides non-discretionary payment and administration services to some of the world’s best-known brands and UK’s largest public-sector organisations. EQ’s services, which are delivered by over 5,000 employees, benefit 36 million people in the UK and 120 countries around the world.
EQ is listed on the London Stock Exchange as Equiniti Group plc.
Encompass intelligently automates information and news discovery for Know Your Customer (KYC) requirements for onboarding, event-driven refresh and remediation. Driven by a firm’s internal policies and choice of reliable, independent sources, Encompass automatically constructs corporate ownership structures, discovers beneficial owners, and screens relevant entities and persons for regulatory, reputational and financial risk in minutes.
Encompass uses advanced intelligent process automation to dynamically build a comprehensive KYC profile from multiple sources, including corporate registries, company and regulatory data, adverse media and identity verification - enabling fast, confident decisions.